trending Market Intelligence /marketintelligence/en/news-insights/trending/8o72hO6OlWp54zbCWlYFbQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: WTO authorizes US to impose tariffs on EU goods

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Report: WTO authorizes US to impose tariffs on EU goods

The World Trade Organization officially allowed the U.S. to trigger duties on up to $7.5 billion in EU imports after the body ruled in favor of the U.S. over subsidies to Airbus SE, though the European trade commissioner urged the U.S. to instead engage in talks for a negotiated solution, according to media reports.

The WTO ruled Oct. 2 that the U.S. can impose tariffs on approximately $7.50 billion worth of imports from the EU as retaliation for subsidies provided by the bloc to Netherlands-based Airbus.

Washington wants to strike a negotiated settlement with the EU, but only if the latter terminates Airbus subsidies, Reuters reported, citing Dennis Shea, U.S. trade ambassador.

Previously, Cecilia Malmstrom, European trade commissioner, called on the U.S. to work toward a settlement, saying U.S. tariffs would complicate a potential deal, Bloomberg News reported.

In an Oct. 11 letter to U.S. Trade Representative Robert Lighthizer, Malmstrom reportedly said countermeasures of $12 billion could be imposed on the U.S. following a ruling on a similar case involving Boeing Co.

Retaliatory U.S. levies were due to take effect Oct. 18, Bloomberg News noted.